US ethanol stocks drop, while production firms into August

08 August 2012 21:03[Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories declined, while production levels increase heading into the first week of August, according to data from the Energy Information Administration (EIA) on Wednesday.

Ethanol stocks for the week that ended on 3 August were at 18.7m bbl, down by 700,000 bbl or 3.6% from 19.4m bbl a week earlier.

Meanwhile, ethanol production was at 817,000 bbl/day, up by 8,000 bbl/day from 809,000 bbl/day the previous week.